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Jan 14, 2013
01/13
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but this is a weird one because this tax works the opposite of many other taxes in that it only taxes you up to $113,000 of income. above that, you don't have to pay the social security piece of the fica tax. it hits those people at the bottom on a percentage basis more than other taxes do. that's why people are having a little bit after head scratcher here, trying to figure out what the impact is, sue. >> yeah, eamon, no one is happy about it. and jane has that story live for from burbank, jane? >> reporter: hi, sue. in california, it is a double-whammy. not only are people seeing higher taxes but in california there are is a higher sales tax twb there is higher federal income tax and state as well. but this is l.a., a blue city and blue state and people are used to ponying up. >> have you gotten paid yet this month. >> reporter: yes, i have. >> did you notice your paycheck was smaller? >> i did. >> reporter: how did you feel about that? >> on one hand, we know why it is being done in the sense that we need to find a way of getting the deficit down. you but on the other hand, no, bec
but this is a weird one because this tax works the opposite of many other taxes in that it only taxes you up to $113,000 of income. above that, you don't have to pay the social security piece of the fica tax. it hits those people at the bottom on a percentage basis more than other taxes do. that's why people are having a little bit after head scratcher here, trying to figure out what the impact is, sue. >> yeah, eamon, no one is happy about it. and jane has that story live for from...
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Jan 21, 2013
01/13
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tax reform was in this speech. it's rare to get this number of -- >> would you have liked more poetry in the speech? >> i personally would have liked more poetry. i think the country needs more uplifting at this point, to be brought together. this one line in the speech which goes to the heart of the pragmatism, we must act knowing that our work will be imperfect. you know, i think he's saying to the whole of the washington establishment, we can't have it all but we have to get moving. >> you know, this speech had the word research labs in it at one point. i challenge you to find another -- >> that's poetry right there. >> right. underscoring the point about the gran u lart here. progress does not compel us to settle the debate about the role of government for all time but it does require us to act in our time. hampton pearson is on the west front of the capitol and can describe what's going on there now. hampton? >> well, number one, we've got of course a wholesale exodus of all the vips on the platform. a huge po
tax reform was in this speech. it's rare to get this number of -- >> would you have liked more poetry in the speech? >> i personally would have liked more poetry. i think the country needs more uplifting at this point, to be brought together. this one line in the speech which goes to the heart of the pragmatism, we must act knowing that our work will be imperfect. you know, i think he's saying to the whole of the washington establishment, we can't have it all but we have to get...
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Jan 14, 2013
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under new rules, foreigners buying property will have to pay a new tax and there is a tax on those who speculation on industrial properties. seng wun, some people are pointing to what is happening with japan as inciting more capital inflows into places like singapore. do you expect more measures in response? >> i think the policymakers here in singapore, we have seen the hong kong government trying to attempt with limited success to hold on property prices here. we have seen inflows. if you look at the last few weeks, we are very strong close into the equity market and given that this region is still set to be likely to lead growth in the coming over 12 months or so itself, that's likely a gain to bring more money. unless, of course, we see a strong turn around in growth in europe and the u.s., but from the medium term itself, when you've got growth and you've got employment opportunity, you've got income growth and environment of very low interest rate is headache to policymaker in which i think the government here continue to have to fine tunemakers every now and then essentially bec
under new rules, foreigners buying property will have to pay a new tax and there is a tax on those who speculation on industrial properties. seng wun, some people are pointing to what is happening with japan as inciting more capital inflows into places like singapore. do you expect more measures in response? >> i think the policymakers here in singapore, we have seen the hong kong government trying to attempt with limited success to hold on property prices here. we have seen inflows. if...
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Jan 16, 2013
01/13
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you need tax reform, in my view, corporate pad taxes are too high in the competitive world we're in. get those issues in front of them and then deal with the spending issues, which primarily are in medicare-medicaid and some of the other domestic -- >> how should people feel when they read this john boehner interview where he said the president said, we don't have a spending problem. how should people feel about that? >> if he said that, there's no way to agree with that. look, we're spending 24 percent of gdp and we're taking in 16%. we've got a spending problem. part of the spending problem is the recession that we've been in. the thing you've got to remember all of this has to be designed to get strong economic growth. the goal is not to cut spending or deal with the deficit. those are vehicles to get to the main goal getting the economy to grow at a faster rate. >> it is possible for someone to look at what he thinks government should provide for its citizens and it is possible to believe that 25% of gdp should be spent on government services. it is possible that he believes that
you need tax reform, in my view, corporate pad taxes are too high in the competitive world we're in. get those issues in front of them and then deal with the spending issues, which primarily are in medicare-medicaid and some of the other domestic -- >> how should people feel when they read this john boehner interview where he said the president said, we don't have a spending problem. how should people feel about that? >> if he said that, there's no way to agree with that. look,...
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Jan 20, 2013
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we have seen anything but that really over the fights over the spending cuts and the tax hikes. do you expect this type of relationship, we'll call it that, between the president and congress to continue? >> i do think there will be that antagonism. we have to be realistic about that. i also think there are certain republicans who understand that while the president has to build a legacy, this is also about republican legacy. what kind of party do they want to be in the next four years? do they just want to continue to be the party of the permanent majority in the house, which can obstruct or do they want to focus on how you build towards being a party that can actually win the white house? this is where i think immigration reform comes in. that is a big first step for republicans to show that they understand, especially to the growing latino community, what they need to do in order to bring them in and, frankly, in order to build a path towards winning the white house in 2016 or even beyond. if they don't do that. if they don't focus on trying to figure out a way to get immigra
we have seen anything but that really over the fights over the spending cuts and the tax hikes. do you expect this type of relationship, we'll call it that, between the president and congress to continue? >> i do think there will be that antagonism. we have to be realistic about that. i also think there are certain republicans who understand that while the president has to build a legacy, this is also about republican legacy. what kind of party do they want to be in the next four years?...
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Jan 20, 2013
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the president won the election and all about taxes and he got his taxes. $60 billion a year and runs the government for five days. he has to challenge his party on spending, which he has not been willing to do. >> first of all, we're not talking about 30, we had 85 votes. it doesn't help if you caricature. the fiscal cliff a deal/deal and joe biden. we got less than we wanted. i would have liked to have based taxes on people making $300,000 a year. but we had 85 republicans for that. on the hurricane, that was a very bipartisan deal in the senate and the notion that we were going to peel off a few, that shouldn't be partisan at all. after spending, i agree. here's the problem. the biggest increase in spending in the last, in this century has been a military spending. unpaid for in iraq, an unnecessary war. afghanistan, military spending else where. i very much want to cut spending but people who want to exempt the military from spending cuts. >> you have to have the last word on that. >> every penny to the pentagon and every penny the government spends, we still borrow $300 billion a
the president won the election and all about taxes and he got his taxes. $60 billion a year and runs the government for five days. he has to challenge his party on spending, which he has not been willing to do. >> first of all, we're not talking about 30, we had 85 votes. it doesn't help if you caricature. the fiscal cliff a deal/deal and joe biden. we got less than we wanted. i would have liked to have based taxes on people making $300,000 a year. but we had 85 republicans for that. on...
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Jan 20, 2013
01/13
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tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. it's lots of things. all waking up. ♪ becoming part of the global phenomenon we call the internet of everything. ♪ trees will talk to networks will talk to scientists about climate change. cars will talk to road sensors will talk to stoplights about traffic efficiency. the ambulance will talk to patient records will talk to doctors about saving lives. it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. the next big thing? we're going to wake the world up. ♪ and watch, with eyes wide, as it gets to work. ♪ cisco. tomorrow starts here. >>> we are back with a very excited crowd behind us. some every day americans are playing a special role in official inaugural festivities. they are called citizen co-chairs, somet
tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. it's lots of things. all waking up. ♪ becoming part of the global phenomenon we call the internet of everything. ♪ trees will talk to networks will talk to scientists about...
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Jan 20, 2013
01/13
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republicans are over the tax fight. they figure they've done taxes. they're not going to do that, and that's a part of the president's calculation. if he can't get that, what does he do on the spending side? not much. >> thanks very much to all of you. that's interesting. it does seem to many that tax debate is sort of done, republican or democrat. >> right. >> we had that fight, here we are. >> but the one thing the president does get is to choose what the country focuses on. he doesn't necessarily get to choose the results. he gets to choose what the country focuses on so we'll see. this is a big test for him to pick his priorities. >> that's why tomorrow becomes crucial. we'll learn a lot tomorrow. >> coming up, a rare look at a room inside the nation's capitol, a room that only a few people have ever seen. wow. would you take it? well, there is. [ male announcer ] it's called ocuvite. a vitamin totally dedicated to your eyes, from the eye care experts at bausch + lomb. as you age, eyes can lose vital nutrients. ocuvite helps replenish key eye nutr
republicans are over the tax fight. they figure they've done taxes. they're not going to do that, and that's a part of the president's calculation. if he can't get that, what does he do on the spending side? not much. >> thanks very much to all of you. that's interesting. it does seem to many that tax debate is sort of done, republican or democrat. >> right. >> we had that fight, here we are. >> but the one thing the president does get is to choose what the country...
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Jan 20, 2013
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people feel they want to get value for their tax dollars and they are not getting it now, candy. >> might be a distinction without much difference though people saying i want him to fail and you are saying it is policies, i don't like his policies and if they go in place you certainly you don't want those poll cities to feel. >> this is a time of divided government. we have re-elected majority leadership in the house and we have a re-elected president but it's time to divide a government you can actually do big things for the country. >> so, what big things? what big thing is that -- >> specifically, have to deal with the debt, at $16 interest. you want to continue with the social safety negotiate the good, the bad and the ugly parts of that you have to have a vibrant economy. you have to have growth of the economy, but i need to see policies will actually do that. we don't see them now. >> i spoke with david plouffe in the segment before this. he said that he is confident there are enough vote he is in the huntsd requisite 60 votes in the senate to pass universal background checks for gu
people feel they want to get value for their tax dollars and they are not getting it now, candy. >> might be a distinction without much difference though people saying i want him to fail and you are saying it is policies, i don't like his policies and if they go in place you certainly you don't want those poll cities to feel. >> this is a time of divided government. we have re-elected majority leadership in the house and we have a re-elected president but it's time to divide a...
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Jan 20, 2013
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immigration reform, tax reform. whatever you hear about the second term curse be skeptical. >> is there an annual gis time in history to where president obama is now, some place we're told that lots of time the speech writers and presidents look at past inaugural addresses for inspiration? where in history can this president find that inspiration? >> you know, it's tough to find a time when we've been so polarized. thomas jefferson, people forget under adams and washington, the country was actually much more divided than you would think if you looked at that monument just down the road, jefferson comes into power, a very polarizing figure and in his inaugural address says we are all republicans, we are all federalists. didn't necessarily govern that way but he had the tone right. i think that's what inaugural addresses a week later, very few, you can count on one hand, but second inaugural addresses that people remember. it's the tone as much as anything else and clearly to try to recapture -- you can't capture ligh
immigration reform, tax reform. whatever you hear about the second term curse be skeptical. >> is there an annual gis time in history to where president obama is now, some place we're told that lots of time the speech writers and presidents look at past inaugural addresses for inspiration? where in history can this president find that inspiration? >> you know, it's tough to find a time when we've been so polarized. thomas jefferson, people forget under adams and washington, the...
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Jan 20, 2013
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business leaders are begging for corporate tax reform. to have tax reform being part of a debt deal, all of these things will help get the economy on course faster than it is now. >> listen, it seems to me this is the absolute crux, isn't it? this sort of paralysis we've seen in washington, the very silly behavior that many would see, as we've witnessed in the last two years. this has to come to an end. i'm quite disturbed really, when margaret says john boehner is not going to get in a room and get stuff done. that's what gingrich and clinton did. they both told me that. they learned the hard way when government came to a grinding halt. and that's when they got in a room together. i would like to see the speaker and the president get in a room. i think they've been equally to blame in many ways for this impasse between them in the last four years. i don't want to see them do it the official way. you have a democratic senate, a republican congress, i don't see how stuff gets done. >> the 1996 re-election of bill clinton basically settled
business leaders are begging for corporate tax reform. to have tax reform being part of a debt deal, all of these things will help get the economy on course faster than it is now. >> listen, it seems to me this is the absolute crux, isn't it? this sort of paralysis we've seen in washington, the very silly behavior that many would see, as we've witnessed in the last two years. this has to come to an end. i'm quite disturbed really, when margaret says john boehner is not going to get in a...
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Jan 20, 2013
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. >> guns, tax and immigration. the president signals a second term with more bite than bipartisanship. the tone and the task with senior obama adviser are david plouffe. the republican take with wyoming senator john barrasso, head of the gop policy committee. also, spotlight on the inaugural speech with presidential wordsmiths don bayer and michael guesten and the party lines with former wisconsin senator russ feingold, new england, susan page and ron brownstein. i'm candy crowley and this is "state of the union." >>> good morning on an historic sunday here in washington, d.c. president obama will take the oath of office for his second term after this morning in a private ceremony at the white house. the constitution requires that he be sworn in by noon, january 20th. vice president joe biden was sworn in a short time ago, justice sonia sotomayor administering the oath. the president and vice president have just arrived at arlington national cemetery where they will place a wreath at the tomb of the unknown of. we
. >> guns, tax and immigration. the president signals a second term with more bite than bipartisanship. the tone and the task with senior obama adviser are david plouffe. the republican take with wyoming senator john barrasso, head of the gop policy committee. also, spotlight on the inaugural speech with presidential wordsmiths don bayer and michael guesten and the party lines with former wisconsin senator russ feingold, new england, susan page and ron brownstein. i'm candy crowley and...
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Jan 21, 2013
01/13
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>> there are some tax dollars that go into the ceremony itself and some of the security. but all of the events, the parade, all of the balls, the celebratory events paid through private donations, including the day of service on saturday. a great event. >> a fantastic event. some 10,000 people came through. i was amazed, kudos to you, logistics, so calm. >> our military partner plays such a big part. members of congress and chuck schumer, a great leader. what people have to remember is really only the swearing in itself is what's required by the constitution. the rest of these are traditions started by different presidents. one of the traditions was this day of service which brings us back to martin luther king day, which we are celebrating. and we had folks in all 50 states, staff in all 50 states organizing service events and over 200,000 americans come out and serve to help us kick off the inaugural weekend. >> really fun to be part of that at the armory. we all have these i.d. tags. you must have the best to get everywhere. >> have a great day. >> "starting point" beg
>> there are some tax dollars that go into the ceremony itself and some of the security. but all of the events, the parade, all of the balls, the celebratory events paid through private donations, including the day of service on saturday. a great event. >> a fantastic event. some 10,000 people came through. i was amazed, kudos to you, logistics, so calm. >> our military partner plays such a big part. members of congress and chuck schumer, a great leader. what people have to...
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Jan 19, 2013
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republicans are for tax breaks. we all know what the president's space was unprecedented, a set of republican leaders who said from the outset, our number one task is to make sure this president fails. no president had seen that. and understand, we were on the cusp of something almost like the great depression here and republicans stood fast and said our number one priority -- mitch mcconnell, to see the president fail. that's unprecedented. >> i agree that there is some lack of precedent on that. but there is also lack of precedent on the amount of big-ticket items that were passed with nothing but democrat loads. >> listen. >> and it has not helped. i think it's fermented a -- you know, an environment that's become increasingly uncivil. >> all right. we have exhausted this subject. i want to move on quickly and i don't have a lot of time. i want to talk about you said the president seemed antagonistic and other people say the president is more confident now and has really come into his own in the second term. she
republicans are for tax breaks. we all know what the president's space was unprecedented, a set of republican leaders who said from the outset, our number one task is to make sure this president fails. no president had seen that. and understand, we were on the cusp of something almost like the great depression here and republicans stood fast and said our number one priority -- mitch mcconnell, to see the president fail. that's unprecedented. >> i agree that there is some lack of precedent...
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Jan 19, 2013
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but there's a road to citizenship that you are able to go on if you pay your back taxes, if you have a criminal investigation, you find out there's no crimes, no serious crimes. and you get at the end of the line. but there has to be a path. three, we've got to have family unity as a central core of any policy. you can't deport the parents and leave their 5 million kids here. there are 2 million dreamers. so those are some of the elements of wa we talked about, and i know that the president supports those core elements. we expect there will be bipartisan support for that, as well. >> can you give us a sense of the timing on this? when will we see these plans. >> it's going to depend on the congress, as well. i expect in the next month you'll see these proposals, certainly already, senator mccain and graham and in len dez and others are working together to come up with a comprehensive package. remember, there's been some movement from the republicans as a result of the election. i think they're going to want do it on a bipartisan basis. >> go back to guns for a minute. you listed thin
but there's a road to citizenship that you are able to go on if you pay your back taxes, if you have a criminal investigation, you find out there's no crimes, no serious crimes. and you get at the end of the line. but there has to be a path. three, we've got to have family unity as a central core of any policy. you can't deport the parents and leave their 5 million kids here. there are 2 million dreamers. so those are some of the elements of wa we talked about, and i know that the president...
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Jan 21, 2013
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tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. officemax can help you drive suand down.s down... use your maxperks card and get a 10-ream case of officemax multiuse paper for just 4.99 after maxperks rewards. find thousands of big deals now... at officemax. >>> the parade has begun. it is moving down pennsylvania avenue. there are marching bands. there are a lot of floats. there's a lot of people who are celebrating this day. an important day in american history. the inauguration of president obama for the second time. kate bolduan is watching what's going on, jeffrey toobin with me as well. once they get to the reviewing stand, they will be saluting all of these participants, and there are a lot of them, who have come to washington from all over the country. >>cy actually read there were twice as m
tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. officemax can help you drive suand down.s down... use your maxperks card and get a 10-ream case of officemax multiuse paper for just 4.99 after maxperks rewards. find thousands of...
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Jan 14, 2013
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sales tax, correct? >> well, it's not quite. progressive is important to me, i don't want people to pay taxes if they have $20,000 a year worth of income. but at 30,000, i might like for people to pay $1. just $1. so they have a legitimate claim for saying, i'm part of the society, and i don't pay a lot, but i do pay something. everybody participates, and there's no game playing, it's a very efficient way to raise revenue. right now, it costs us $431 billion a year to administer the tax system we have, and the tax gap, the money we're not collecting that's theoretically owed is $400 billion a year. we could do better than that, we can think better than that. and the president needs to lay that out for us. >> even if we get more growth, we're still finding it difficult to get unemployment down. elaine cho served as george w. bush's secretary of labor. what would you do to create more jobs in america? >> i think you have to keep the tax rate low, they're a direct burden on the resources of the employer. th
sales tax, correct? >> well, it's not quite. progressive is important to me, i don't want people to pay taxes if they have $20,000 a year worth of income. but at 30,000, i might like for people to pay $1. just $1. so they have a legitimate claim for saying, i'm part of the society, and i don't pay a lot, but i do pay something. everybody participates, and there's no game playing, it's a very efficient way to raise revenue. right now, it costs us $431 billion a year to administer the tax...
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Jan 14, 2013
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b, they pay their back taxes. and c, they pay a small penalty for having broken the law in the first place. >> but let me push you on that because if you don't provide a path to citizenship -- >> i don't think you have to say that they can become citizens. this -- that part of my four-point program's going to be a attacked voluntary sis rously by people on the republican side. but it's not amnesty. they have a path to citizenship. they do the way every other immigrant does to become an american citizen. >> what would you say to the republicans who will say, look, they should be deported? >> yes. >> they should never have a path -- >> and you think what you say to them, look what your position got us in this last election. we need to pay attention to demographics. okay? i said we need to be the party of hope and opportunity. not the party of anger and resentment. >> illegal immigration is just one problem with our current system says michael bloomberg, the mayor of new york city and one of america's most successful
b, they pay their back taxes. and c, they pay a small penalty for having broken the law in the first place. >> but let me push you on that because if you don't provide a path to citizenship -- >> i don't think you have to say that they can become citizens. this -- that part of my four-point program's going to be a attacked voluntary sis rously by people on the republican side. but it's not amnesty. they have a path to citizenship. they do the way every other immigrant does to become...
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Jan 20, 2013
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tax code. >> i do. >> why? >> because it's inefficient, it's ineffective, and its fundamentally unfair. so i believe this -- revenue systems should be used to raise money. it shouldn't be organized to distribute benefits. >> so no tax deductions. >> no deductions, no credits, no nothing. it's to raise revenue. and ideally we should do it with a progressive value-added tax. that means -- >> that's a national sales tax, correct? >> well, it's not quite because progressive is important to me. i don't want people to pay taxes if they have $20,000 a year worth of income, but at $30,000, i'd like people to pay 1 dollar, just $1.00 so they have a legitimate claim for saying i'm part of the society and i don't pay a lot but i pay something. everybody participates. there's no game playing. it's a very efficient way to pay taxes. right now it costs over $31 million a year to administer it. the tax gap that we theoretically owe is $41 billion a year. we can do better than that. we can think better than that. and the presi
tax code. >> i do. >> why? >> because it's inefficient, it's ineffective, and its fundamentally unfair. so i believe this -- revenue systems should be used to raise money. it shouldn't be organized to distribute benefits. >> so no tax deductions. >> no deductions, no credits, no nothing. it's to raise revenue. and ideally we should do it with a progressive value-added tax. that means -- >> that's a national sales tax, correct? >> well, it's not quite...
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Jan 15, 2013
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. >> if you thought tax hikes would keep people from traveling this year, you may be wrong. >> according to surveys, more executives are planning to travel for business. if you top the save a few bucks, they may be taking the bus. >> if you think it's crowded on the roads and the errors, it's going to get more crowded. business travelers are hitting the road in greater numbers according to a survey and one by frequent business traveler magazine. business travel is far from smooth sailing. travel agents said the cheap issues when it comes to booking trips with limited seat availability and keeping costs down. meantime, business travelers complained of inconsistent experience and almost 3/4 said wi-fi was a huge factor when choosing an airline or hotel. companies like mega bus and greyhound have been experimenting with wi-fi hoping to attract more business travelers. it seems to be working according to a study. bus services saw more growth than either eye or rail travel. who knew? >> coming up, wall street has a sign that apple is responding and the smart phone market could be slipping. [
. >> if you thought tax hikes would keep people from traveling this year, you may be wrong. >> according to surveys, more executives are planning to travel for business. if you top the save a few bucks, they may be taking the bus. >> if you think it's crowded on the roads and the errors, it's going to get more crowded. business travelers are hitting the road in greater numbers according to a survey and one by frequent business traveler magazine. business travel is far from...
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Jan 14, 2013
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what i said was we weren't going to extend bush tax cuts for the wealthy. and we didn't. >> joining me now, john king, john king, welcome, welcome. help me understand what exactly the president is saying. is he saying he absolutely will not negotiate with congress when it comes to the debt ceiling? and to point out, i had ben stein on, an economist. he said, brooke, saying not negotiating is a negotiating tact tactic. >> ben is correct in that regard. what the president is saying, he's not going to repeat two years ago. he did get involved in detailed negotiations and the president, in that same news conference, said if the republicans feel they have to have some package of spending cuts to go with raising the debt ceiling, then let them put their own plan together and see if they can get the votes in congress. he's not going to help them. he said he was not going to let the republicans put a gun to the head of the american people, or he was not going to let them attach a ransom. the president used tough language today and part of what he was saying is i wo
what i said was we weren't going to extend bush tax cuts for the wealthy. and we didn't. >> joining me now, john king, john king, welcome, welcome. help me understand what exactly the president is saying. is he saying he absolutely will not negotiate with congress when it comes to the debt ceiling? and to point out, i had ben stein on, an economist. he said, brooke, saying not negotiating is a negotiating tact tactic. >> ben is correct in that regard. what the president is saying,...
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higher estate tax rate. but it could have been worse. >> i think that the wealthy got off pretty easily here. there's a modest tax increase for the very wealthiest in this society, a very tiny percentage. i, frankly, that there are more taxes coming and they're going to bite more deeply into the middle class. >> approximately two-thirds of american will pay more taxes. the tax bite for the middle class comes from the end of payroll tax cut, which wasn't renewed in the fiscal cliff deal. but whatever happened to comprehensive tax reform? >> the irs tax code is still a nightmare. it's too complex, too costly, and too unfair. >> reporter: both sides say they're open to simplifying the tax code. more than 70,000 pages in 2012. the u.s. government gives away more than $1 trillion a year in tax breaks, but republicans say reform isn't about squeezing more money out of taxpayers. >> i think tax reform is a good idea, but now that we have resolved the revenue issue, tax reform ought to be revenue neutral, as it was
higher estate tax rate. but it could have been worse. >> i think that the wealthy got off pretty easily here. there's a modest tax increase for the very wealthiest in this society, a very tiny percentage. i, frankly, that there are more taxes coming and they're going to bite more deeply into the middle class. >> approximately two-thirds of american will pay more taxes. the tax bite for the middle class comes from the end of payroll tax cut, which wasn't renewed in the fiscal cliff...
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obama demands the wealthy pay their fair share of taxes, but he's just another elitist hypocrite when it comes to a fair share of security. protection for their kids and
obama demands the wealthy pay their fair share of taxes, but he's just another elitist hypocrite when it comes to a fair share of security. protection for their kids and
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. >> guns, tax and immigration. the president signals a second term with more bite than bipartisanship. the tone and the task with senior obama adviser are david plouffe. the republican take with wyoming senator john barrasso, head of the gop policy committee. also, spotlight on the inaugural speech with presidential wordhs
. >> guns, tax and immigration. the president signals a second term with more bite than bipartisanship. the tone and the task with senior obama adviser are david plouffe. the republican take with wyoming senator john barrasso, head of the gop policy committee. also, spotlight on the inaugural speech with presidential wordhs
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he had won an election over the tax issue and the republicans lost over the tax issue. they're pushing that so far off the table that i don't even hear them talking about tax reform anymore. the president is making a gamble here, that the public will see the republicans as irresponsible and absurd, as he called them, that you can't let the united states of america default, that's not who we are, and that the american public will be embarrassed by this fight. the republicans are making the calculation, you know what, the public is going to be on our side, because we have to get on a path of fiscal sustainability over the long term so they're going to be with us, they're going to want spending cuts. >> we've been measuring the political pressure on the speaker as it builds, it seems, to a big climax here. how much pressure is he in right now? >> huge amount of pressure. don't forget, he didn't have a great time in the fiscal cliff fight. he couldn't bring a majority of his own caucus to vote for that final proposal. this time, his own caucus has put him on notice. a, don'
he had won an election over the tax issue and the republicans lost over the tax issue. they're pushing that so far off the table that i don't even hear them talking about tax reform anymore. the president is making a gamble here, that the public will see the republicans as irresponsible and absurd, as he called them, that you can't let the united states of america default, that's not who we are, and that the american public will be embarrassed by this fight. the republicans are making the...
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obama demands the wealthy pay their fair share of taxes. but he's just another elitist hypocrite when it comes to a fair share of security. >> you see there's mayor bloomberg, nbc anchor, david gregory, and senator dianne feinstein. so, they're tapping into that, too, because many people think that the media is one-sided on this issue, jason. >> didn't we do this for the last two years? the election is over. the whole barack obama is part of this elitists is a dead argument. it doesn't move things forward. what the nra should be talking about is let's make sure people have to be licensed properly to have their guns. make sure people know how to use a gun if someone comes into their home. these ads and attacks raises money, gets people talking, and it doesn't help the nra's reputation with the public. >> ron, jason has a point. this could create a backlash. a "washington post" poll shows 44% have an unfavorable view of the nra's leadership. >> i don't think that matters to the nra. what their goal is is to protect gun rights, the rights of t
obama demands the wealthy pay their fair share of taxes. but he's just another elitist hypocrite when it comes to a fair share of security. >> you see there's mayor bloomberg, nbc anchor, david gregory, and senator dianne feinstein. so, they're tapping into that, too, because many people think that the media is one-sided on this issue, jason. >> didn't we do this for the last two years? the election is over. the whole barack obama is part of this elitists is a dead argument. it...
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higher taxes on households making above $450,000 and other tax increases will raise an additional $600 billion in revenue by 2022. but that's not enough. and as democrats and republicans gear up over the next few months to debate spending cuts, debt limits and the federal budget, there still is not a credible plan out there that puts a serious dent in the debt. but douglas durst still holds out hope that one day he'll be able to retire his dad's debt clock. >> i'm an optimist. we would have a very big party. >> reporter: alison kosik, cnn, new york. >>> speaking of money, if you're looking for that job that really pays, you probably want to get a college degree or pick up a second degree. that is right. ali velshi and christine romans take a look at the careers and the schools that can help you get ahead. >> thanks. okay. so when christine and i were in college, the idea was to study kind of whatever you -- those were in the days before cable -- study whatever you wanted and the world was your oyster if you got a university degree. if you had to go back and make a choice today about wh
higher taxes on households making above $450,000 and other tax increases will raise an additional $600 billion in revenue by 2022. but that's not enough. and as democrats and republicans gear up over the next few months to debate spending cuts, debt limits and the federal budget, there still is not a credible plan out there that puts a serious dent in the debt. but douglas durst still holds out hope that one day he'll be able to retire his dad's debt clock. >> i'm an optimist. we would...
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fathered a child with his math teacher when he was 14 and after abandoning the kid comes back to pay taxes. it is very foul-mouthed and the basic concept isn't particularly humorous, i don't think. and it, surprisingly to me, i thought adam sandler had written it. it is on the level with most of his movies, he didn't. that's one nomination he didn't get, worst screenplay. >> one you think is the worst of the whole year? >> it would be that one of the five we nominated. i found it the most offensive and most indefensible. "twilight" i find very entertaining, but as a comedy. and i know the fans of that franchise take it very seriously, but i personally do not know anyone who had to choose between a werewolf and a vampire to choose for a prom date. >> winners for the 33rd annual razzies will be announced january 23rd, the night
fathered a child with his math teacher when he was 14 and after abandoning the kid comes back to pay taxes. it is very foul-mouthed and the basic concept isn't particularly humorous, i don't think. and it, surprisingly to me, i thought adam sandler had written it. it is on the level with most of his movies, he didn't. that's one nomination he didn't get, worst screenplay. >> one you think is the worst of the whole year? >> it would be that one of the five we nominated. i found it...
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Jan 21, 2013
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tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. go, go, go, go! bye sweetie. honey what are you doing? we gotta go! it's dress-like-a-president day, i'm supposed to be martin van buren. who? martin van buren! google? martin van buren. ♪ [ female announcer ] new roc® retinol correxion max. the power of roc® retinol is intensified with a serum. it's proven to be 4x better at smoothing lines and deep wrinkles than professional treatments. roc® max for maximum results. >>> welcome back to our continued coverage of the presidential inauguration. while president obama and the vice president and their families are eating lunch inside the capitol, most folks are heading over to the parade grounds. let's check in with erin burnett who is standing over at freedom plaza. erin, how are the crowds where you
tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. go, go, go, go! bye sweetie. honey what are you doing? we gotta go! it's dress-like-a-president day, i'm supposed to be martin van buren. who? martin van buren! google? martin van...
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state legislators are saying, let's put excise taxes on. and they feel they have to do something. >> obesity rates are on the increase, soda consumption is on the decrease. i was talking to sanjay gupta, he said overall we're just eating more. but, look, coke is doing pretty well. i read a quote where you were saying the soda industry is under siege, but reading -- what was a reading, business week, business week says coke raked in $48 billion in profits last year and they're thinking it will be $50 billion this year. do you think they're under the attack. they seem to be doing pretty well. >> well, they may be doing pretty well, but they're doing much better overseas than they are in the united states. and -- but they see a decaying business. all the criticism is repositioning soft drinks from fun and happiness to disease and death. that's not a good place for industry to be. >> so what do you want from coke? because obviously they want to make money. they sell all kinds of things. short of stopping selling these sugary drinks, is there an
state legislators are saying, let's put excise taxes on. and they feel they have to do something. >> obesity rates are on the increase, soda consumption is on the decrease. i was talking to sanjay gupta, he said overall we're just eating more. but, look, coke is doing pretty well. i read a quote where you were saying the soda industry is under siege, but reading -- what was a reading, business week, business week says coke raked in $48 billion in profits last year and they're thinking it...
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interview with david gregory, i talked about health care for the nation, climate change, redistributive tax policies -- these are things that republicans oppose on principle, and he did that, though, which makes it worse, in a conversation, and there was a subtle link to this issue of race. it makes republicans look like they don't oppose president obama for all these principle or policy reasons that were just brought up, but rather because he's black, and that's what is really, really disturbing and destructive, that we have a serious disagreement with policy and principles, not because of who the president is or what his race is. >> l.z., response? >> you see what i mean, carol? that's a perfect example of what i talked about earlier. there are racist facets of republican party. when you look at comments made by republican john sununu, how could you not see the hint of racism in his voice when he talks about the president? are there disagreement when's it comes to policy? absolutely. let's remember the republican party actually was the party that gave us the epa. the republican party gave
interview with david gregory, i talked about health care for the nation, climate change, redistributive tax policies -- these are things that republicans oppose on principle, and he did that, though, which makes it worse, in a conversation, and there was a subtle link to this issue of race. it makes republicans look like they don't oppose president obama for all these principle or policy reasons that were just brought up, but rather because he's black, and that's what is really, really...
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listen these guys won't even ban assault weapons, how can you trust them on taxes and spending. i see it as building up his political position which is not wrong but i don't think in his heart of hearts he thinks he's going to pass any significant legislation. >> congressman king in the studio after my asking all the time. >> i couldn't stay away from you, soledad. >> she's not really a tough interviewer is she? >> she's very nice and multiracial -- >> are we rolling on this? i love this. keep the nice part. i would appreciate that. >> she was the irish-american woman of the year, there you go. >> and i accepted. nice to have you congressman, appreciate it. >>> other stories making news john has that for us. >> lots of questions about the story involving notre dame's manti te'o and his girlfriend who was supposed to have died but it turns out she never existed at all. so was te'o the victim of an elaborate hoax or somehow involved in a hoax. one thing is crystal clear right now, the university of notre dame is standing by its star player. cnn's ted rowlands in live in south bend
listen these guys won't even ban assault weapons, how can you trust them on taxes and spending. i see it as building up his political position which is not wrong but i don't think in his heart of hearts he thinks he's going to pass any significant legislation. >> congressman king in the studio after my asking all the time. >> i couldn't stay away from you, soledad. >> she's not really a tough interviewer is she? >> she's very nice and multiracial -- >> are we...